2006/947/EC: Commission Decision of 7 December 2005 on the State aid implemented by Belgium for ABX Logistics (No C 53/2003 (ex NN 62/2003)) (notified under document number C(2005) 4447) Text with EEA relevance

• Articles: 4

Article 1

1.   The aid investigated in this Decision, granted by the Belgian railways ( Société nationale des chemins de fer belges , SNCB) as part of the restructuring of the ABX Logistics group, is compatible with the common market under the conditions provided for in Article 2.

2.   The funds used by SNCB to finance the disvestiture of part of ABX Logistics (France), and the other financing operations investigated in this Decision, in particular the investments of capital in 2001 and the ‘parallel contributions’, do not constitute state aid.

Article 2

The Commission authorises the restructuring aids set out in Article 1(1) on the condition that the ABX Logistics group is sold within [...] of the date of notification of this Decision, at market price, to a buyer who has no legal links to SNCB, and in line with the commitments regarding conditions of purchase and financing proposed by the potential buyer as described in this Decision.

Article 3

Belgium shall inform the Commission within two months of the date of notification of this Decision of the measures taken to comply with it.

Article 4

This Decision is addressed to the Kingdom of Belgium.